Sale of the Week: The $2.1-million Davisville condo that shows the value of outdoor space

Address: 70 Roehampton Avenue

Neighbourhood: Davisville

Agent: Mark Jones, Re/Max Professionals Inc., Brokerage

The Property: This top floor of this penthouse, accessible by private elevator, has a massive 1,840-square-foot rooftop terrace overlooking the city.

The History: The sellers, a couple, purchased the condo from the builder in 2011. It came with luxurious finishings like oak flooring throughout, and marble countertops in the bathrooms and kitchen.

The Fate: The neighbourhood, near Yonge and Eglinton, is already a lively place. Once the Eglinton Crosstown LRT is finished, in 2021 or so, it will be one of the most transit-accessible places in the entire city.

The Sale: The uniquely huge terrace made it difficult for the agent to set a price, because there haven’t been many comparable sales in the past few years. He originally listed the place for $2.49 million, and later lowered it to $2.2 million to create more interest. The buyers, who registered the only offer, jumped at the new price.

By The Numbers:

• $2,100,000
• $9,176.38 in property taxes (2014)
• 2,249 square feet of living space, approximately
• 1,840-square-foot terrace
• $1,204.81 in monthly maintenance fees
• 95 per cent of list price
• 27th floor
• 7 days on the market
• 3 bedrooms
• 3 bathrooms
• 2-car garage

The entrance has a private elevator to the upper floor, where the terrace is.

There’s a small office space.

The living and dining area are combined. The French doors lead to one of three balconies.

Next to the dining area is the kitchen.

All the appliances are stainless and relatively new. The doors in the background lead to a balcony.

Here’s the second bedroom.

And the second bedroom’s en suite bathroom.

Here’s the master bedroom.

The master bedroom’s en suite bathroom has a private balcony.

The only enclosed area on the second floor is this little lounge/wet bar.

The terrace is just huge, and it has a massive overhanging roof to protect it from the elements.

The selling agent says this space has hosted parties of up to 80 people.